— Curt Rupple, vice president of sales, BioIQ —
Last month I attended the National Business Coalition on Health (NBCH) meeting in Dallas, Texas. Employers, vendors, health plans, providers, and many other stakeholders gathered to discuss the future of healthcare. With just 400 attendees, the intimate event offered great opportunities to learn and network with business leaders, vendors, and healthcare experts. Hot topics included the following:
- The Evolution of Population Health Management
- The Business of Creating a Culture of Health
- Benefit Decisions that Keep HR Professionals Up at Night
These topics motivated several interesting discussions—during meals, over cocktails, and at the booth. I’d like to review some of the highlights here.
Population Health Management
There are many dimensions to Population Health Management. Chief among them is its rapid growth. For example, the Outsourced Population Health Services Market is projected to grow from $22 billion in 2013 to $39 billion in 2018. This includes two primary sectors:
- The Employer health, wellness, and care management sector ($12 billion in 2013, $17 billion in 2017), where BioIQ has a strong foothold in employee health measurement programs.
- The Commercial sector ($8 billion in 2013, $17 billion in 2017), where BioIQ is experiencing rapid growth in programs to engage, measure, and manage Medicare, Medicare Advantage, and Medicaid populations.
As we learned during this informative, three-day NBCH event, many HR and benefits professionals are concerned about demonstrating ROI from their population health management programs. We explained how the best way to achieve a concrete ROI is through accurate measurement. There are three basic steps to this process:
- Identify what to measure (most experts recommend measuring chronic conditions that are influenced by lifestyle such as diabetes, heart disease, hypertension, obesity, and smoking)
- Get Direct Health Data (through health screenings and health assessments)
- Connect directly measured health improvements with savings
BioIQ provides four out of five pieces in this ROI puzzle, and relies on partner solutions for the fifth. To learn more about how BioIQ can automate the population health management process and demonstrate a concrete ROI, take a look at this white paper, “Five Ways to Connect, Measure, and Achieve Population Health.” As we demonstrated at the conference, this paper will show you how to increase year-over-year engagement and generate a positive ROI from your population health management programs.